Managers

The cut comes as the pension looks to address the 'lower than expected' distributions since 2021 from the portfolio, causing the asset class to bloat.

NewView Capital Fund IV arrives in the market as venture secondaries are heating up, driven by overallocated LPs pressing GPs to expand distributions as a way to replenish capital stocks

Secondaries picked up momentum and managers increasingly tapped the wealth channel amid 2025's challenging fundraising environment.

Institutional LPs also stand to benefit from innovative evergreen fund structures, according to panellists at PEI Group’s Women in Private Markets Summit.

Truelink Capital II is expected to hold a first, and possibly final, closing in the first quarter of next year, according to pension documents.

The pension plans to double the amount of capital it committed this year to private debt funds in 2026.

Through conversations with market sources, PEI sought to answer some of the most pressing questions related to the growing evergreen funds market.

Positive cashflows have kept the California-based pension fund from hitting its target allocation to private equity.

GP-leds 'could be used for something good' as the industry sees more ageing funds, according to the Universities Superannuation Scheme's Teia Merring.

The Korean manager was founded by Kevin Lee in 2012 with the sponsorship of PayPal co-founder and venture capitalist Peter Thiel.